I have curated the most important and deep parts of this book into the following quotes:- You don’t know yourself unless you have to make your own choices.- We don’t understand things when we have an edge. Only when we have the perspective of coming from behind.- If we win during bear markets you’ll be fine on bull markets.- Dispersion of outcomes... See more

Resilience requires a kind of elasticity, an ability to stretch and reach but then to return, to spring back into a former shape—or perhaps to shapeshift into something new if the circumstances require it. Resilience is stretchy where optimization is brittle; resilience invites change where optimization demands continuity. But whether we’re talking

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Author and economic statistician Nassim Nicholas Taleb’s 2nd most famous idea (after the idea of Black Swan events) is antifragility.

“Some things benefit from shock,” he writes. “They thrive and grow when exposed to volatility, randomness, disorder and stressors... Yet, in spite of the ubiquity of the phenomenon, there is no word for the opposite... See more